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2
Bedrooms
2
Bathrooms
169 m²
Surface area
€
€2840
Price per m²
Apartment
Property type
+22 photos
Analysis
Price
€480.000
Own investment (30%)
€144.000
30% down payment of purchase price
Buyer costs
€48.000
Buyer costs: 10% of purchase price
Estimated nightly rate
€154,31
Expected occupancy rate
65%
Gross rental p/m
Log in to see the annual gross rental income
€0000
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Mortgage costs
-€896
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€140,83
{% trans 'Estimated annual maintenance costs (10€/m²). This is the
rule of thumb for existing and older homes. For new construction,
this is usually lower.' %}
Cleaning costs
-€291,67
Annual cleaning costs:€3500 (€291.67/month).Based on number of bedrooms.
Platform fees
-€457,63
{% trans '15% commission based on average fees from Booking.com
and Airbnb' %}
Municipal taxes
-€114,50
Municipal taxes for Elviria
Tax
(19%)
-€218,54
This is the VAT percentage you pay in the country of the property. If you are a EU resident, you pay 19% VAT.
Earned back in
Time to earn back own investment + buyer costs.
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Log inNightly Rates
Estimated nightly rate
€154,31
High season
€212
Mid season
€148,75
Low season
€108
Price determining factors
- Proximity to beaches, golf courses, and luxury amenities.
- High demand for properties with sea views.
- Limited supply of similar penthouses in Elviria.
- Strong tourism sector supporting short-term rental potential.
Comparable accommodations
| Rate | Hotel / apartment | Distance |
|---|---|---|
| €133,60 | An impressive beach house | 8.7 km |
| €203 | Casa Flores - Panoramic views, pool, tennis, BBQ | 15.4 km |
| €132,40 | Spectacular house on Carvajal Beach | 18.3 km |
| €125,20 | Picturesque Casita Mijas Pueblo | 16.8 km |
| €166,80 | Chariming and creative house 50m from the beach | 2.1 km |
| €134,80 | Cubo's Finca La Graciosa (Cubo's Farm) | 21.0 km |
| €275,20 | Casa Tetuan in old town Marbella, a manicured home | 8.9 km |
| €186,80 | Unique place with roof terrace in Old town | 9.1 km |
| €124,86 | Sunny hillside casita in Guaro | 17.9 km |
| €131,40 | House 5 minutes from the beach, Puerto Banús and 5 golf courses | 16.7 km |
Return & Value appreciation
Annual return
7.76%
5 Year Return
38.80%
10 Year Return
77.60%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Well-maintained and recently renovated, which supports value retention and appreciation.
- Local market trends in 2027: Growing demand for luxury properties in Marbella, driven by international buyers.
- Property type: Penthouse with sea views, highly desirable and likely to appreciate.
- Economic outlook in 2027: Positive economic growth in Spain and the Eurozone, supporting real estate investments.
- Demographic developments: Increasing expatriate and retiree populations seeking luxury lifestyles.
- Infrastructure plans in 2027: Ongoing improvements in transportation and amenities in Marbella, enhancing property values.
- Historical WOZ value trends: Consistent increase in property taxes indicating rising property values.
Possible improvements
- Upgrade kitchen and bathrooms for modern appeal.
- Enhance outdoor terraces with stylish furniture and landscaping.
- Install energy-efficient systems to reduce utility costs.
- Add smart home features for convenience and security.
Description
Discover this exceptional value 2-bedroom penthouse in the highly sought-after Elviria area of Marbella, Spain. This spacious and elegantly renovated penthouse offers stunning panoramic sea views, making it a perfect choice for both holidaymakers and permanent residents seeking a luxurious lifestyle in Marbella. Spanning 169 square meters including terraces, this top-floor property features two modern bathrooms, a stylish interior, and ample outdoor space to enjoy the Mediterranean climate.
Located within a well-maintained urbanization, residents benefit from lush gardens and four swimming pools, including a sea-water pool for a refreshing swim. The property’s prime location in Los Lagos de Santa Maria Golf provides tranquility and privacy, while remaining just a five-minute drive from the renowned Don Carlos Hotel and Nikki Beach Club. Marbella’s vibrant Old Town is only 15 minutes away, and Malaga Airport is within a 25-minute drive.
Conveniently, a short 10-minute walk leads to a commercial center with a variety of restaurants, cafes, bars, and a supermarket. The nearby Marbella beach is known as one of the best sandy beaches in the area, perfect for enjoying the sun and sea.
This Elviria penthouse in Marbella, Spain, offers an unbeatable combination of luxury, location, and lifestyle. Whether you're looking for a holiday retreat or a permanent residence, this property provides excellent value and incredible sea views. Contact us today to arrange a viewing and make this stunning Marbella penthouse your new home.
Location
Nightly rates in the area
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